Question
fruit seller earns a profit of 25% by selling a basket containing 100 oranges whose cost is rs 300 but he gives 1/5 th of it to his brother at cost price and sells the remaining oranges.inorder to earn same profit, at what price must he sell each orange?
Answers
Henry
Cost = $300/100 = $3.00/Orange.
100-100/5 = 100 - 20 = 80 Oranges sold at a profit.
20*$3/Orange + 80*$X/Orange = 1.25*$300.
60 + 80x = 375.
X = $3.94 each.
100-100/5 = 100 - 20 = 80 Oranges sold at a profit.
20*$3/Orange + 80*$X/Orange = 1.25*$300.
60 + 80x = 375.
X = $3.94 each.